Damascus-Sana
The Central Bank of Syria announced the start of the implementation of the initiative “My currency my strength” in coordination with the Damascus Chamber of Commerce through the intervention of the business sector through a special account at the Chamber of Commerce to reduce the exchange rate of foreign currencies against the Syrian pound in the parallel market as of today after the completion of executive procedures in Syrian Commercial Company.
The Central Bank said in a statement received by SANA that the contribution of businessmen in the foreign exchange market is an "important initiative" that will improve the exchange rate of the lira in the parallel market against foreign currencies and control fluctuations of supply and demand for foreign exchange. During the financing of imports.
The Central Chamber said that the Damascus Chamber of Commerce has already confirmed its commitment to the daily announcement of the foreign exchange rate in the parallel market, which reflects the reality of supply and demand operations on foreign exchange to cancel any role of speculation operations and the effects of social networking sites and applications that operate from outside Syria according to foreign agendas aimed to manipulate markets and the Syrian pound Stressing full commitment to the pricing of imported basic materials financed at the official exchange rate to ensure that prices of goods in the local market do not rise.
The Central Bank stressed that it is following closely the financing of imports of the main commodities through public banks and licensed to deal in foreign exchange.
The Central Bank reiterated that the intervention in the parallel market according to the initiative is exclusively through foreign exchange deposited by businessmen in the said account in the Syrian Commercial.
In a statement to SANA delegate, the Director of Economic Research at the Central Bank, Ghaith, said that the circulation in some newspapers and social networking sites is not true.
Ali explained that what is being circulated “distortion of the content of the national initiative by the business sector and abuse of the role of the Central Bank of Syria in the success of this initiative and control the foreign exchange market.”
Handsome Adawi
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